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Pep Boys Enters Into Definitive Agreement To Be Acquired by The Gores Group


PHILADELPHIA – Pep Boys has entered into a definitive merger agreement under which it will be acquired by The Gores Group, one of the nation’s leading investment firms, led by founder and CEO Alec Gores. Total enterprise value of the transaction is approximately $1 billion.

The purchase would take publicly traded Pep Boys private.

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